Big data is exactly what it sounds like – a vast amount of structured and unstructured information, collected from an increasingly diverse set of digital and traditional sources. For credit unions, every interaction with members, every loan processed, fee collected, call center, or branch interaction is an opportunity to collect data which when aggregated, becomes …
Tag: technology
Why Companies Buy (Rather than Build) New Technology
It’s typically much quicker to acquire rather than build your own solution. When it comes to technology, acquiring can help you leapfrog the research and development cycle to purchase a solution that has already been developed, tested and not only proven to be superior, but is already widely used. Large tech companies like Google, Amazon, …
Fintech M&A Heats Up in 2019
Fintech startups are disrupting traditional financial institutions as consumers rely more and more on technology for everyday activities, including banking. Robust M&A activity is expected to continue in this space. It’s not only banks and credit unions that are acquiring or investing in fintechs, established technology firms like Amazon are snapping up these startups in …
Facebook Looks to Boost Cybersecurity with Acquisition
Facebook is said to be the latest firm looking to bolster its cybersecurity capabilities through acquisition. Facebook recently detected a breach affecting 30 million users. This latest news comes on top of the Cambridge Analytica scandal, and has negatively impacted the technology giant. Cyber security is increasingly an area of concern for many companies across …
China’s Alibaba Expands Ecommerce Presence in Russia with Minority Stake in Mail.Ru
Alibaba, China’s internet giant, will purchase a 10% stake of Mail.Ru, one of Russia’s largest internet companies, to expand its ecommerce reach in Russia. As part of the deal, Alibaba, Mail.Ru, telecom company MegaFon, and Russia’s sovereign wealth fund, will form a joint venture called AliExpress Russia. Alibaba will have a 48% stake in the …
Intel Acquires eASIC to Expand Beyond Declining CPU Chip Market
Intel has acquired eASIC, a small company specializing in customizable chips in order to diversify beyond CPU chips that are used primarily in personal computers. As consumers move more and more to using mobile phones over personal computers, demand for Intel’s base product, CPU chips, is declining. eASIC’s 120 employees will join Intel’s programmable solutions group, …
AT&T – Time Warner Deal Gets Green Light, Expect More Media Deals
On Tuesday AT&T and Time Warner received approval for their $85 billion merger that brings together channels like CNN, HBO with the number two mobile carrier in the US. The deal is just the start of what is shaping up to be a very busy year for technology and media mergers and acquisitions. Less than …
Summer Blockbuster Deals – Verizon, Netflix Execute Acquisitions
Deal activity in the technology, media and telecommunications (TMT) sector is heating up as companies acquire to keep up with evolving technology and consumer demand. The internet and smartphones have changed how people view and share information with consumers, abandoning cable TV in favor of streaming services that provide customized TV and music on demand. …
Uber Forms Joint Venture with Yandex to Reach Russian Market
Rather than spending all their efforts competing, Uber and Russia’s top internet company, Yandex, have decided to join forces. Uber and Yandex will form a joint venture operating in 127 cities across Russia, Armenia, Azerbaijan, Belarus, Georgia and Kazakhstan. Uber will contribute $225 million and own a 36.6 percent stake, Yandex will contribute $100 million …
Firms Use Acquisition to Stay Ahead of the Curve
Are you keeping up with industry changes fast enough? Or are you being left behind? It’s no secret that technology is disrupting industries from manufacturing to telecommunications to retail. “…The risk of being left behind because of technological disruption and change is driving companies to make acquisitions faster,” Steven Davidoff Solomon writes in Dealbook. For many …
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